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Insurance

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Transamerica’s Dutch parent Aegon names new CEO

Less than three months after reappointing Alex Wynaendts to a new four-year term as chief executive officer, Netherlands-based international life and pension group Aegon NV said he is to be replaced by Lard Friese, CEO …
By BPC Staff | Aug 13, 2019
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EMC sets date for shareholder meeting to take company private

EMC Insurance Group Inc., which has been a publicly traded company since 1982, announced Thursday it will hold a special shareholders’ meeting on Sept. 18 at its Des Moines headquarters at which its minority shareholders will vote …
By BPC Staff | Aug 9, 2019
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American Enterprise Group announces new vice president of venture capital firm

Julie Larson will join AE Ventures as vice president, American Enterprise Group Inc. announced this week. Larson will lead the company’s venture capital arm, overseeing capital investments, pilot programs and new business incubation in Des Moines. Previously, Larson was …
By BPC Staff | Aug 9, 2019
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EMC reports earnings, expects higher premium growth for year

Des Moines-based property-casualty insurer EMC Insurance Group Inc. reported net income of $1.3 million, or 6 cents per share in the second quarter of 2019, compared with a net loss of $5 million, or 24 …
By BPC Staff | Aug 8, 2019
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Workiva reports higher revenue, narrows quarterly loss

Workiva, a cloud provider of connected reporting and compliance services, reported a double-digit increase in revenues for the second quarter, and a smaller net loss compared with a year ago. The Ames-based company exceeded quarterly …
By BPC Staff | Aug 7, 2019
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REG’s sales up, but so are losses

Ames-based Renewable Energy Group, Inc. sold 14.8% more biofuel in the second quarter, year over year, but still saw its net loss rise to $57.6 million. Adjusted earnings showed a loss of $42.3 million. Revenues were …
By BPC Staff | Aug 7, 2019
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Athene reports strong earnings, plans more share repurchases

Athene Holding Ltd., parent of West Des Moines-based Athene USA and a leading provider of retirement savings products, announced higher earnings for its second quarter. Net income was $720 million, or $3.75 per diluted Class …
By BPC Staff | Aug 6, 2019
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July mixed bag for Iowa stocks

Eleven Iowa-based stocks recorded gains in July, as the Iowa Index of stock prices ticked upward by 1.61% over June. Ten of the 21 Iowa-based companies in the Iowa Index ended July with a decline …
By JOHN RETZLAFF | Aug 6, 2019
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American Equity reports continued upswing in annuity sales

American Equity Investment Life Holding Co.a leading issuer of fixed index annuities, on Monday reported second-quarter net income of $18.6 million, or 20 cents per diluted common share, compared with net income of $93.9 million, or $1.03 …
By BPC Staff | Aug 6, 2019
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Insurers see biggest monthly surge in hiring in two years

The U.S. insurance industry added 11,400 jobs in July, representing the largest one-month surge in hiring since 2017, Best’s Insurance News & Analysis reported. According to preliminary figures from the Labor Department’s Bureau of Labor Statistics, the …
By BPC Staff | Aug 5, 2019